Company management teams, directors and corporate officers create a special set of liabilities for the organization at large. We have all heard the stories of corporate officers who have stolen money from a company or perhaps the PTA president who absconds with the bake sale money. Management Liability Insurance provides coverage for an array of situations and can be tailored to each businesses need.
- Coverage for Corporations Includes:
- Management Liability
- Directors & Officers Liability
- Employment Practices Liability
- Fiduciary Liability
- Crime Insurance
- Kidnapping, Extortion & Ransom
Unfortunately, non-profit and charity groups are often the target of white collar crimes committed largely by management level people who have access to their finances. These entities can protect themselves from within by having a comprehensive Directors & Officers (D&O) policy. A D&O policy can also serve to protect board members from external liabilities created by their participation and volunteer work with a foundation or non-profit entity. Should a 3rd party bring suit against an individual alleging that he/she had caused financial harm stemming from their participation with the non-profit entity a personal Director’s Liability Insurance policy would protect that board member or volunteer.